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Describe the Foundations for Participation and Empowerment

question 4

Essay

Describe the foundations for participation and empowerment.


Definitions:

Competitive Advantage

The attributes or conditions that allow an organization to outperform its competitors.

Cost Efficiency

The effectiveness of an organization's ability to produce output at the lowest possible cost while maintaining quality.

Customer Service

The assistance and advice provided by a company to those people who buy or use its products or services.

Political-Legal Conditions

Factors related to the political environment and legal regulations that can affect the operation and success of businesses.

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